Simpkins Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows (FCFs) during the next 5 years [-25,-10,5,15,25] (in millions), after which FCF is expected to grow at a constant 6% rate. Simpkins WACC is 10%. Assume that Simpkins has zero non-operating assets. Simpkins has $80 million in debt and preferred stock and currently 18 million shares are outstanding. What is the firms stock price?

options:

$18.33 $18.84 $19.12 $19.36 $19.97